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30 May 2014
USD/JPY near highs after US yields recovery
FXStreet (Bali) - Currently, USD/JPY is trading at 101.71, down -0.08% on the day, having posted a daily high at 101.83 and low at 101.70, with the Nikkei 225 opening +0.24%.
USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. RSI is in neutral territory at 57.77, up from it’s last hourly close at 53.46, while ADX is ranging above 30 at 28.86, down from 40.18 at the last hourly close.
Looking to a daily chart, we see that RSI is neutral at 47.09. The 200 SMA is currently at 101.77, up from 101.67 at the last period close, and climbing on the hourly USD/JPY chart. Moving with a rangebound trend, the exponential average closing price is 101.88
Technically, according to Jim Langlands, Founder at FXCharts: "There is not too much change from yesterday as the dollar continues to hang on above the 200 DMA (101.37), which will continue to provide decent support." On the topside, "the 50% pivot of 103.01/100.82 at 101.92 may continue to attract" Jim thinks.
USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. RSI is in neutral territory at 57.77, up from it’s last hourly close at 53.46, while ADX is ranging above 30 at 28.86, down from 40.18 at the last hourly close.
Looking to a daily chart, we see that RSI is neutral at 47.09. The 200 SMA is currently at 101.77, up from 101.67 at the last period close, and climbing on the hourly USD/JPY chart. Moving with a rangebound trend, the exponential average closing price is 101.88
Technically, according to Jim Langlands, Founder at FXCharts: "There is not too much change from yesterday as the dollar continues to hang on above the 200 DMA (101.37), which will continue to provide decent support." On the topside, "the 50% pivot of 103.01/100.82 at 101.92 may continue to attract" Jim thinks.